answersLogoWhite

0


Best Answer

The average in an area for the size and interior ect.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does Median selling price of a home mean?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the Kinds of dumping and its definition?

F Dumping ⇔ international price discrimination » Selling same product at different prices, at home and abroad F GATT/WTO definition » Selling in the foreign market at price < price in home market F US and alternative GATT/WTO definition » Selling in the foreign market at price < "fair market value" which is often taken to mean < "normal average cost


The distribution of home prices in Nirvana is skewed to the left. The median price is 167900. What is the mean?

To calculate the mean, you need all of the individual price, add them and divide by the number of prices. The median is the middle figure when they are ranked. Example: To simplify, imagine there are 5 homes that have been sold and these figures are in thousands of dollars. 100, 100, 900, 1000, 1500 The Mean = (100+100+900+1000+1500)÷5= 720 The Median is the middle figure which is 900.


What does selling price mean?

i really dont know


Which is better for homebuyer mean or median?

Well.......I guess median cuz then it gives a lower price and then u wouldn't have to spend that much money.


What does the term half price mean?

The term half price may refer to the discount of selling a product. It mean that the specific is selling out at the half the price (50% off) the actual retail price of the product. For example, She had bought the book half price from the Mela.


3. Mary is a real estate agent. One month she sold 7 houses at these prices: $171 000, $165 000, $178 000, $161 000, $174 000, $168 000, $240 0003.a) What is the median price of the houses she sold?

3.a) The median price of the houses Mary sold is $171,000 3.b) The mean price is greater than the median price 3.c) The median price of $171,000 better represents a typical price of the house Mary sold that month


What do you mean the median of used car is 7000?

If the 7000 refers to price then this means that half of the used cars are being offered at a price of, or are being sold at a price of, 7000 currency units. In general, the median is the value below which half of the values fall.


Does marginal profit and selling price mean the same thing?

Only if it cost you nothing in the first place. Profit is selling price less cost.


What does final selling price mean?

It means exactly what it says. This is the final price and item sells for.


How do mean deviation from median?

The mean deviation from the median is equal to the mean minus the median.


Assuming there is no excess capacity what is the minimum acceptable price?

It depends what you mean, buying or selling. Selling the minimum without going into the red is the break even price.


How do you interpret the fact that average house prices in the US have been in the recent past 20-30 percent higher than median prices?

Average price higher than median price in this situation means that there was a number of EXTREMALLY expensive homes sold, way, way, higher than the median price, which skewed the average to the upside. There is a cluster of "average" properties around the mean, but a significant number of million dollar / pound houses than pull house price averages up. The mean is also higher than the median in the UK by about 20% - see Zoopla data that shows average house price as about 200k vs median.